[cotton weekly review] orders are hard to keep up sales
[cotton weekly review] orders are hard to keep up sales
As the spread of the overseas epidemic continued, domestic import and export trade was almost stagnant. Textile enterprises have to continue to take measures to reduce production and control cotton yarn inventory.
Cotton raw materials. In the near future, cotton spot transactions are relatively flat, with fewer new orders, and individual cancellations. The new Xinjiang cotton purchase order point is around 10500 yuan / ton of cf2005 contract, 11000 yuan / ton of CF2009 contract, and 11500 yuan / ton of some newly required orders. In the near future, the basis quotation of market point price is relatively stable. On April 26, the basis quotation of grade 3129 hand picked cotton in Xinjiang was 600-700 yuan / ton (cf2005 contract), little change compared with the previous week. At present, more than 90% of cotton sowing has been completed in Xinjiang, but the progress is uneven. Most of the cotton seedlings in Shihezi Area in the north of Xinjiang have broken the film, while in the south of Xinjiang, heavy rain and hail weather affect the sowing progress, which also has a negative impact on the growth of cotton seedlings. The progress of cotton sowing in the Yellow River Basin is relatively slow, and it is expected to complete the cotton sowing work by the early May.
Other raw materials. In the week, international crude oil futures fell to a negative number, with strong market response, and polyester short offer fell in response. On April 26, the price of 1.4d * 38mm polyester staple fiber in Jilu region was 5600 yuan / ton, down 700-800 yuan / ton compared with the previous week; the price of middle end viscose staple fiber in Jiangsu and Zhejiang region was 9100 yuan / ton, with little fluctuation.
Pure cotton yarn. Recently, the characteristics of domestic yarn are still that the external list is exhausted, the internal list is not good, and the enterprise maintains rigid production. According to manufacturers in Shandong, Hebei and other places, the downstream market is still sluggish, new orders are issued weakly, textile factories and textile enterprises reduce and stop production increase, "May Day" has more plans to extend the holiday, textile enterprises take the psychological lead of goods at a favorable price, and the market is generally bearish on the future market. However, due to cost factors, many factories are reluctant to continue to reduce prices and maintain last week's quotation level. On April 26, the price of oec12s for air spinning in a factory in Shandong was around 12100 yuan / ton. The prices of 21s, 32S and 40s for combed yarn were 18200 yuan / ton, 19200 yuan / ton and 20300 yuan / ton, respectively. The prices of jc60s for combed compact spinning were 26800 yuan / ton, and there was still a discount of 100-200 yuan / ton.
Other yarns. On April 26th, the price of pure polyester yarn T32S in a factory in Shijiazhuang, Hebei province was 9600 yuan / ton, a drop of 400 yuan / ton compared with the previous week, and the actual single transaction was less; the price of cotton yarn R30S in a factory in Dongying, Shandong province was 12400 yuan / ton, basically flat compared with the previous week.
Imported yarn. According to traders' feedback, the recent import yarn trade is light and the price continues to decline. At present, the price of jc32s in India is around 20800 yuan / ton, that of c32s in Vietnam is around 18900 yuan / ton, and the price of internal and external yarns is upside down. By the end of June 26, China's yarn inventory outside the main port logistics zone and the bonded zone was close to 100000 tons.